Get Out Of Paper
NB: This article was written by James Harkin and may not be the thoughts or opinions of Pastor Lindsey Williams or LindseyWilliams.net
GET OUT OF PAPER
BY JAMES HARKIN
Pastor Williams has said ever since 2008 that we should get out of paper and into physical assets that you control. Paper assets are stocks, shares and paper currency. Paper assets also include retirement funds such as a 401k or an IRA. Physical assets include gold, silver and other precious metals as well as un-mortgaged land and seeds. He said that gold and silver are the currency of the elite and not the US dollar. Do you remember his quote “If people had ever bought precious metals in their entire lifetime they should buy every piece, every ounce, every half ounce, every quarter ounce, every tenth ounce, I don't care what you buy, you should get your hands on every piece of gold and silver that you can possibly get … and get it as quick as you can … don't even wait until tomorrow, buy everything you can possibly buy. It is the only thing that is going to have any purchasing power or value when all of this is said and done”. This statement was said by Pastor Williams in 2008 and it is still true today. Just last year, just after the re-election of Barack Obama he said “precious metals are going through the roof, you have never seen anything yet, if you think $1700 or $1800 gold is high priced, it is going to be dirt cheap by the end of this 4 year administration”. GOLD IS THE CURRENCY OF THE ELITE.
Fiat paper currency is not worth the paper it’s printed on. In fact it’s not even paper its digital dollars dumped into the system and according to Gerald Celente of The Trends Journal on the 16th April 2013 “Gold is being manipulated by the United States central bank, by the European central bank and by the Japanese central bank, which continues to dump digital dollars into the system in form of their rigging the game by buying bonds, treasuries and mortgage backed securities”. In March Celente said that he “buys silver for his golden years” and that he is not a speculator. He goes on to say “China, Russia and Iran are getting together to try and kill the petro-dollar” and that “you are going to see the dollar crash like you have never seen it crash before”. He also said that “they are never going to solve this problem … they can’t save it, it’s impossible” and ended on a bombshell that “they are going to debase the currency”. If this happens inflation will become rampant and if anyone is still in paper assets, whether it is stocks and shares, derivatives or precious metals in exchange traded funds they will be worthless.
As stated earlier in this article the US Dollar will be debased after the crash. This will occur when the new world government is formed. Everything is now in place for the elite to crash all the economies of the world in order for their new world order to turn every human being on the planet into their personal slave. Don’t kid yourselves this is happening and time is not on your side any longer. Those who have researched this now know that what they once said was coming down the track is actually now here. Only a relative handful of people who have done their research will have the opportunity to protect their family, dinner table, health and wellbeing from what will be an ugly period of time for humanity, where people will have to beg the elite for hand-outs. If you do not take action right now to protect your family there is a real certainty that you will lose everything.
Pastor Williams says that the economy will crash. This is no idle statement, not only does he have word from his elite friends, he has done his own research. The value of the American Dollar is falling. If in 1913 at the formation of the Federal Reserve Board you bought an item for $1, in 2013 that same item would cost $23.62. That is a cumulative rate of inflation change of 2,262.4%. If you had bought a one ounce gold coin in 1913 you would have paid $20.67, as of 24th September 2013 that same one ounce gold coin is worth $1,325.17. That is a 64 fold increase in value. Those who have invested in paper assets need to sell them fast, take losses if you must, it’s time to protect yourself with physical gold and silver.
The dollar will continue to fall as the Federal Reserve Board continues to purchase $40 Billion ($40,000,000,000) of mortgaged backed debt and $45 Billion ($45,000,000,000) of US Treasury securities per month, indefinitely. This is called quantitative easing. It’s a desperate move that is reminiscent of what the Weimar Republic did during the early years of their hyperinflationary spiral. The US national debt currently stands at just under $16.75 Trillion ($16,745,602,000,000). In 2011 the US paid just under $454.5 Billion in interest on the national debt. In 2012, the US economy (GDP) stood at $16.62 Trillion. Currently US Import/Export statistics show that the annual value of US exports was $1.84 Trillion. The annual value of US imports was $2.52 Trillion. This means the average annual trade deficit was just under $480 Billion. Exports are a mere 11% of GDP. The great companies who built the greatness into the USA have all but vanished, moved away to foreign lands and no longer profit the USA. The US has to borrow more money every year to balance its budget. It is estimated that the US will borrow approximately $3 Trillion this year alone. With every dollar borrowed a purchasing power of the existing dollar in circulation is diminished. There is a real risk that when the economy is deliberately crashed, in order to buy a loaf of bread you will be wheeling wheel-barrow loads of cash to your local supermarket just like they did in the Weimar Republic, and more recently in Zimbabwe.
The Federal Reserve note is backed by nothing but the perceived value of the American economy. Unfortunately the American economy is no longer as stable as it once was. It is also no longer the reserve currency of the world. Countries all over the planet have stopped trading in the American Dollar. It is merely a promissory note, to pay nothing more than a Federal Reserve note. Paper-for-paper. It’s worthless. It’s not even paper anymore, it is merely digital dollars dumped into the system.
In the past and through his book The Energy Non-Crisis Chaplain Williams told us that OIL and the petro-dollar were the currency of the world. This meant that all oil transactions were to be carried out in the American Dollar. The American Dollar is no longer the reserve currency since China now trading their-own domestic currency, the Yuan for oil. Iraq was invaded because Saddam Hussein had started to sell his oil in Euros. Both Russia and Iran are now using Yuan for oil sales to China against the wishes of the elite. It has been rumoured that Angola, Sudan and Venezuela will join Russia and Iran in selling their oil to China in Chinese Yuan the world will see over 5 million barrels per day traded no longer traded in the US Dollar. This means good night Petro-Dollar and hello Petro-Yuan. The implications of this are momentous, especially for US debt and its indomitability is only predicated upon the continued acceptance of the currency it backs as a global reserve. Therefore China is openly admitting to the world that it does not need US monetary intermediation, and by implication, the ‘debt' backing said intermediation – i.e. China will stop buying US debt. Countries within the BRICS (Brazil, Russia, India, China and South Africa – founders) are now rivalling the US and EU for global leadership. For example, these countries have the largest amount of gold, silver, platinum and palladium extraction and refinement production as well as other natural resources in the world.
The derivatives market, as Pastor Williams has said is also a volatile casino where banks and institutions bet on whether a commodity or stock will rise or fall. The value of this market is not publically known, but some researchers and analysts have estimated the size to be around $1 Quadrillion dollars, that is $1000 Trillion dollars ($1,000,000,000,000,000) and that is over 10 times larger than the global economy. When the housing bubble popped in 2007 it stood at around $500 Trillion. The market has grown unfathomably fast and the global economy is at risk from massive damage should even a small percentage of contracts go sour. Its size and potential influence over the global economy is difficult to comprehend, let alone assess.
Banks are now bigger than they were in 2008 and they continue to trade in derivatives in many of the same ways they did before the crash, but on a larger scale and with precisely the same unknown risks. The major banks use your hard earned income to play the stock market. Due to fractional reserve banking, it is possible that banks can lend upwards of 10:1 on every dollar you deposit. It works like this, you deposit $1 and then the bank can lend out $10 (it works by the bank having a reserve requirement of 10%, which means that the bank must keep 10 cents for every $1 deposited as a reserve, the 90 cents remainder can be lent at interest and if that 90 cents is deposited then 9 cents is kept on deposit and 81 cents is lent at interest, and so on). A debt based economy as we have is untenable. With $100 you cannot pay back $110. It is totally impossible. The only way to pay back $110 is to borrow more. This therefore is a Ponzi scheme that will forever spiral out of control or until the elite have every asset and the entire world is enslaved. This is why Jesus drove out the money changers from the temple because any kind of interest was unsustainable.
The economy has been floundering since the 2008 crash because the banks have been borrowing money from the Federal Reserve and other central banks at 0.25% (a quarter of one percent). The banks in turn can buy 20 year government backed treasuries that return 3.5% interest. Why would banks lend to small or medium businesses with 50% of them failing within the first five years, when the return on investment is guaranteed from treasuries. The banks themselves can use the treasuries as collateral to borrow for more risky investments into the derivatives markets.
US investors should be shocked as to what is currently happening in the financial markets. While we cannot redeem our dollars for gold with the Federal Reserve, we can still buy gold with them in the open market. As more investors and governments choose to save in precious metals, the dollar's value will go into steeper decline, thereby driving more investors into metals. That is when the virtuous circle which the dollar has coasted for a generation will quickly turn vicious.
Thursday 20th June 2013 was a landmark day. The elite did a test. On Wednesday 19th June 2013 in the afternoon just before the closing bell Ben Bernanke, chairman of the Federal Reserve announced there would be a possibility that they would taper off some of its monthly $85 Billion investment into quantitative easing. It was merely a passing remark, but it was done on purpose to see what would happen. The 19th through 22nd June 2013 was a test to find out if the elite can collapse the currencies of the world at one time. The markets went crazy after this news. The stock market dropped. The stock market isn’t an indicator of collapse, what is an indicator of collapse is INTEREST. The elite wanted to know what interest rates would do at a mere suggestion that the Federal Reserve would taper off quantitative easing. Between the 19th and 22nd June 2013 the 7 day interbank repo benchmark interest rate went up from its relatively steady 3.3%, to 8.26% by the middle of the next day. By the next night it had reached 12.33% in China and one large bank in China had to be bailed out by the Chinese government because it had ran out of liquidity. It had literally stopped the interbank funding for 48 hours. If the elite had allowed this to continue every bank and currency in the world would have collapsed by Monday morning. All they have to do is have the Federal Reserve chairman say a certain thing and the interest rate will climb. Every currency will crash and every bank will close within 24 hours.
Pastor Williams has said that the crash will be linked to the derivatives market. He said that the derivatives market will be used to collapse the currencies of the world with interest rates. When the elite carried out the test in June 2013, the global derivatives market suffered within 7 days a staggering $300 Trillion ($300,000,000,000,000) loss. The Federal Reserve itself lost $151 Billion ($151,000,000,000) in bond values because of interest rates going up for 3 days. At the same time with the manipulation gold was suppressed and dropped to virtually cost price at around $1,200 an ounce. If gold had been allowed to sky rocket, the elite may not have been able to contain their test and the economies of the world would have crashed.
The Bank for International Settlements (BIS) has said that the current situation in financial markets is worse than before the Lehman bankruptcy. The warning of the BIS could be one of the reasons why the US Federal Reserve decided to continue printing money indefinitely. A BIS veteran says global credit excess is worse than pre-Lehman. Extreme forms of credit excess across the world have reached or surpassed levels seen shortly before the Lehman crisis. The BIS said a hunt for yield was luring investors into high-risk instruments, “a phenomenon reminiscent of exuberance prior to the global financial crisis”. “This looks like 2007 all over again, but worse” said William White, the BIS's former chief economist, famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008. The bailout in 2008 didn't work and it’s still happening with backdoor bailouts that have inflated banks’ profits at the expense of taxpayers. They said it would buy only a short time, and it seems that time is nearly up.
Your money is no longer safe in a bank. Governments all over the world are creating new legislation that will see your savings stolen if the bank in which you keep your cash money defaults. This is what recently happened in Cyprus. People had their savings taken by the government in order to bail out the banks. They have said that over a certain limit your savings will be confiscated. The Federal Deposit Insurance Corporation does the same thing, but what would happen if this organisation became bankrupt? The hard earned money you made and put into a bank for safe keeping is taken by the elite in order to cover bad bets made by the banks. I personally recommend that you do not keep much cash in a bank, certainly lower than the maximum limit that governments will guarantee your investment. Just keep enough money in your bank account to cover your monthly expenses. The safest way is to keep your savings in gold that you can sell when you need currency to pay taxes, etc. It’s better to keep gold then silver since if you need to leave in a hurry $1 million in gold fits in a standard briefcase, you’d need 50 or more briefcases for the same amount of value in silver.
Hugo Salinas Price, a Mexican billionaire has said that the big banks are going to play a starring role in the next financial crash just like they did in the last one. Hugo Salinas Price said “I think we are going to see a series of bankruptcies. I think the rise in interest rates is the fatal sign which is going to ignite a derivatives crisis. This is going to bring down the derivatives system” and of course the financial system worldwide. He continued “There are (over) one quadrillion dollars of derivatives and most of them are related to interest rates. The spiking of interest rates in the United States may set that off. What is going to happen in the world is eventually we are going to come to a moment where there is going to be massive bankruptcies around the globe. What is going to be left after the dust settles is gold, and some people are going to have it and some people are not. Then the problem is going to be to hold on to what you’ve got because it’s not going to be a very pleasant world.” Right now there are about $441 Trillion dollars of interest rate derivatives. If the interest rates stay the same and don’t go much higher it will be fine. But if they start going up, all bets are off and we could see financial carnage on a scale we have never seen before.
This is going to happen. It has been predicted. Those who prepare now will make it through the collapse, those who wait to see what happens will find out too late and they will be finding life very difficult indeed.
During my article so far I have mentioned China rivalling the USA. China is part of the BRICS (Brazil, Russia, India, China and South Africa) Group of countries. Brazil was recently announced a $60 Billion intervention in their currency. So it seems that the elite already have the BRICS group covered. They know they can crash China and other nations that defy the elite’s plans just as quickly as any other economy worldwide. Pastor Williams has outlined in his new DVD ‘Elite Emergency Data’ a lot about China and how no country or group of countries can survive the crash.
ELITE EMERGENCY DATA
New DVD From Lindsey Williams
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Five years ago Pastor Williams’ elite friend told him that China was the big one. He said do not pay attention to the Euro or what the stock market does. Don’t pay attention to other things in the world such as North Korea or Iran. Keep your eyes on China. George H.W. Bush was vice president under Ronald Reagan’s presidency, was ambassador to China between 1974 and 1975. Prior to that time China was a closed society. In the 40 years since then China has become the 2nd largest economy in the world. The great population of 1.35 Billion people of China could change the face of the world. The elite knew they would take the industry of the US abroad and it was planned many years ago. The elite were going to take China to where it is today. China and the BRICS economies are on the verge of collapse.
Like the western democracies the communist China bought real estate thinking it would rise in value. It is another massive bubble waiting to burst. So vast is the real estate speculation bubble in China that 12-24 new vacant cities are built in China every year and they are doing it just to keep the economy growing. The economy of the USA was on the precipice of collapse because 7 million people were unable to pay their mortgage back in 2008. They have at least 30-40 million empty homes in addition to the ones they are building right now. The financial exposure of China to US financial institutions is over $100 Trillion. What do you think would happen to the US financial institutions, financial markets and ultimately the US economy if China is unable to service its debt?
After World War 2 the US grew staggeringly quickly. The infrastructure, skills and determination was there for America to rebuild. The factories and knowledge were available to grow the economy to new heights. Where do you think all the manufacturers and companies that made the USA great are now? They are all in China. Every company who sets up a business in China must give all its trade secrets, copyrights and trademarks to the Chinese government. In order to get dirt cheap labour without having to pay unions, retirement funds and healthcare these companies have given everything to China. The profits these companies make don’t come back to the USA to help build new technologies or grow the economy. The profits are kept out of the country in tax havens such as the Cayman Islands. In order to avoid paying taxes that could be used to give our children better education and healthcare these greedy corporations they stashed their money abroad.
When these companies are unable to produce anymore products because of the collapse of China, what do you think is going to happen to these companies? These companies will become bankrupt and you are going to suffer because of their greed. All of the big banks who financed China’s rapid rise – J.P. Morgan, AIG, Citibank, Bank of America and Wells Fargo will all be bankrupt when their economy collapses. It will ultimately speed up the collapse of America, this is for certain.
Heed the warnings laid out, do your research and you will come to the same conclusion as Pastor Williams – Paper is worthless – Physical tangible assets are the only true store of wealth that will protect you from the crash.
It’s time to cash in your retirement account, use it for more pressing matters such as buying gold, silver and other precious metals, land, seeds and everything you need to protect your family through the crash. Pastor Williams has said “if you are 50 years of age or younger you will never see your retirement money”. The elite want it all. One of my favourite comedians George Carlin said it absolutely correctly “the vanishing pension that disappears the minute you go to collect it. And now they're coming for your social security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street. And you know something? They'll get it. They'll get it ALL from you sooner or later”. The banks and pension funds will all become bankrupt from what is coming and they did it to themselves through their greed. Contact your retirement fund manager today and cash out, pay the 10% token tax and the fees and get your money now before it’s too late. Or have someone do it on your behalf. I have spoken with the people at GoldCo and they can make the process simple for you by helping you through the stages of liquidating your IRA, 501k or other retirement account and help you purchase a wide variety of physical precious metals that offer you the best return, stability against inflation, and the protection against economic uncertainty. They also offer a 7 day delivery guarantee, which is unheard of in the industry that typically see clients having to wait 2-3 months for delivery. Call the gold people I personally recommend, call GoldCo right now. Don’t wait another minute call them now at 1-877-414-1385.
Please check out the other sections of the 10 Steps To Avoid The Crash article:
- INTRODUCTION: 10 steps to avoid the crash.
- PART 1: Buy every piece of gold you can lay your hands on.
- PART 2: You have to get out of debt.
- PART 3: Get out of paper.
- PART 4: Pay off your house mortgage.
- PART 5: Store food, water and firearms.
- PART 6: Get ready for the biggest buying opportunity of your lifetime.
- PART 7: Get out of the city.
- PART 8: Purchase everything you need.
- PART 9: Sort out your medicine cabinet.
- PART 10: Get your spiritual house in order.
- CONCLUSION: 10 steps to avoid the crash – conclusion.